A new contract with the U.S. Army is a signal that CGI Group (TSX:GIB.A, NYSE:GIB) is returning to a mix of organic growth and growth through acquisition, says Echelon Wealth Partners analyst Ralph Garcea. On Wednesday, CGI Group announced it had signed a ten-year contract with the U.S. Army worth (U.S.) $133.9-million. CGI says it […]
CGI Group set to transform itself with IP and Digital, says National Bank Financial
A decade-long outperformance may have masked potential headwinds at CGI Group (TSX:GIB.A, NYSE:GIB), but National Bank Financial analyst Richard Tse says the company is in the midst of a quiet transition that will keep it at the cutting edge. In a research update to clients today, Tse maintained his “Buy” rating and one-year price target […]
Celestica is a buy despite CFO departure, says Canaccord Genuity
The departure of its CFO isn’t changing Canaccord Genuity analyst Robert Young’s opinion that Celestica (TSX, NYSE:CLS) is undervalued. This morning, Celestica announced that CFO Darren Myers will leave the company to pursue another opportunity. While the company looks for a permanent replacement, Mandeep Chawla, senior vice-president, finance, will assume the role on an interim […]
Businesses turn to encryption in the wake of WannaCry cyber attack
With the threat of cyberattacks increasing the world over, many companies are having to adopt security measures such as encryption apps to avoid getting hit by debilitating ransomware such as the WannaCry malware that infected more than 200,000 computers in 150 countries. Ransomeware involves an invasive encryption or locking of a computer’s files, usually spread […]
Redknee is a double from here, says Echelon Wealth Partners
It’s had a rough couple of years, but Echelon Wealth Partners analyst Ralph Garcea thinks there is now significant upside in Redknee Solutions (TSX:RKN). Yesterday, Redknee announced it had entered into a fully-backed rights offering that would see it raise a minimum of (U.S.) $54-million. Management said the capital would help it accelerate its existing […]
Blockchain is “an overpromoted sideshow,” says Tim Bray
The hype surrounding blockchain is both unavoidably loud and globally prophetic in tone. Game-changing, disruptive and revolutionary, none of these terms seem to do justice to the talk surrounding this emerging technology, set to change not just everything we know about banking and the financial services industry but everything, period. Or maybe not, says Tim […]
CGI Group is still undervalued, says National Bank Financial
Ahead of its second quarter results, National Bank Financial analyst Richard Tse says there is double-digit upside in CGI Group (TSX, GIB.A, NYSE:GIB). On May 3, before market open, CGI Group will report its Q2, 2017 results. Tse thinks the company will generate operating EPS of $0.90 on revenue of $2.6-billion. While CGI’s stock has […]
Celestica is undervalued, says Canaccord Genuity
A quarter that bested his expectations has Canaccord Genuity analyst Robert Young feeling bullish about Celestica (TSX, NYSE: CLS). Yesterday, Celstica reported its Q1, 2017 results. The company earned (U.S.) $25.6-million on a topline of $1.47-billion, a nine per cent topline bump over the same period last year. “Celestica delivered a strong first quarter, with […]
Pivot Technology named a top pick for Q2 by Echelon Wealth Partners
With the first quarter of 2017 now firmly in the books, Echelon Wealth Partners analyst Ralph Garcea says Pivot Technology Solutions (TSX:PTG) is one of his top small cap picks for 2017. In a research update to clients today, Garcea conferred “Top Pick” status on Pivot Technology. Garcea has a “Buy” rating and a one-year […]
Celestica is undervalued, says Canaccord Genuity
Canaccord Genuity analyst Robert Young says that despite an improving electronics manufacturing services sector, Celestica (TSX, NYSE:CLS) still isn’t getting the love it deserves. Shares of Celestica spiked late in January after the company announced fourth quarter 2016 revenue was (US) $1.62-billion, ahead of the company’s guidance range of $1.5 to $1.6-billion. “Celestica delivered a […]
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